AGI Infra Ltd
AGIILAGI Infra Ltd is strength at full price. The numbers are improving — and a P/E at the 85th percentile of its own range says the market knows.
The sharpest disagreement: profits are rising, but only 4% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (295 weeks in) while the P/E sits at the 85th percentile of its own 9-year range. Underneath, the last four quarters read improving — profit +68.8% year on year, and 4% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
AGI Infra Ltd trades at ₹338, in a confirmed uptrend and 295 weeks into that stage. That is +9.6% against its own 200-day average. It sits at 56% of a 52-week range of ₹233 to ₹419. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (8 weeks and counting).
Today the stock is in a confirmed uptrend — week 295 of stage 2, confirmed. At ₹338 it trades +9.6% versus its 200-day average and sits at 56% of its 52-week range (₹233–₹419).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +3,193% while the NIFTY 500 moved +272% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (8 weeks and counting; last ahead the week of 2026-06-12) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 85th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
AGI Infra Ltd trades at 41.1× P/E, at the pricey end of its own range (85th percentile). Its long-run median P/E is 13.8×, measured across 8.9 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 41.1× is at the pricey end of its own range (85th percentile), against a long-run median of 13.8× measured over 8.9 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +39.3% against a +58.2% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +93.5%/yr price move, ~+39.0%/yr came from earnings growth and ~+54.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
AGI Infra Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 22.1% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +8.6% | +13.7% | +26.3% | +19.2% |
| Profit | +41.8% | +25.6% | +41.1% | +37.3% |
| EPS | +39.3% | +24.4% | +40.6% | +34.9% |
| Share price | +58.2% | +82.6% | +93.5% | +43.5% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
62.7/100 — rank 2 of 26 in Realty - Construction & Contracting · 89% evidence confidence
AGI Infra Ltd scores 62.7 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 20.2 + 18.9 + 10.8 + 12.8 = 62.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
AGI Infra Ltd reported ₹88.0 Cr of revenue in the Mar 26 quarter, +6.0% year on year. Over 10 years it has compounded at 19.2% a year. The last full year, FY26, came in at ₹353 Cr. The last four reported quarters add to ₹353 Cr.
AGI Infra Ltd reported ₹88.0 Cr of revenue in the Mar 26 quarter, +6.0% year on year. Over 10 years it has compounded at 19.2% a year. The last full year, FY26, came in at ₹353 Cr. The last four reported quarters add to ₹353 Cr.
FY26 revenue came in at ₹353 Cr (+8.6% on the year), capping 10 years at 19.2% compound. The latest quarter (Mar 26) printed ₹88.0 Cr, +6.0% year on year.
Pace check: the last four quarters averaged +9.4% growth against the decade's 19.2% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +8.6% over the last 4 quarters against +9.8%/yr over the last 8 — stabilising; TTM profit +43.9% vs +36.5%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 24.0% this quarter (+5.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
AGI Infra Ltd's operating margin is 24.0% in the Mar 26 quarter, +5.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 11.0% to 36.0%. The current quarter sits inside that band.
AGI Infra Ltd's operating margin is 24.0% in the Mar 26 quarter, +5.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 11.0% to 36.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 24.0%, +5.0 pp against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 11.0%–36.0%.
Why the margin moved: operating margin went +5.1 pp year on year while gross margin went +5.9 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +68.8% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
AGI Infra Ltd earned ₹27.0 Cr of net profit in the Mar 26 quarter, +68.8% year on year. It is the 8th consecutive quarter of growth. Full-year FY26 profit was ₹95.0 Cr. The 10-year compound rate is 37.3%. That is 30.7% of the quarter's revenue. The same quarter a year earlier earned ₹16.0 Cr.
AGI Infra Ltd earned ₹27.0 Cr of net profit in the Mar 26 quarter, +68.8% year on year. It is the 8th consecutive quarter of growth. Full-year FY26 profit was ₹95.0 Cr. The 10-year compound rate is 37.3%. That is 30.7% of the quarter's revenue. The same quarter a year earlier earned ₹16.0 Cr.
Mar 26 profit was ₹27.0 Cr, +68.8% year on year — the 8th consecutive quarter of growth. On the full year, FY26 printed ₹95.0 Cr (+41.8%), and the 10-year compound rate is 37.3%.
Why profit moved: revenue contributed +6.0% and the margin +5.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +44.5% vs revenue +9.4%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 4% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 4% of AGI Infra Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−32.0 Cr of operating cash against ₹95.0 Cr of profit. After ₹27.0 Cr of capital spending, ₹−59.0 Cr was left as free cash.
FY26: operating cash of ₹−32.0 Cr against reported profit of ₹95.0 Cr, leaving free cash of ₹−59.0 Cr after ₹27.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 4% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 4%: the cash cycle tightened 710 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 3.1× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹161 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
AGI Infra Ltd's cash conversion cycle runs 2,286 days in FY26, down from 2,996 days in FY21. Capital spending ran ₹161 Cr over the last 3 years. At FY26 sales of ₹353 Cr each day of that cycle holds about ₹1.0 Cr, so roughly ₹2,211 Cr sits inside the business at any moment.
FY26: debtors at 4 days, inventory at 2,337 days — roughly 76.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 2,286 days, tighter than FY21's 2,996.
The full loop: cash goes out to suppliers and production on day 0; stock waits 2,337 days to sell; customers pay about 4 days after that; and suppliers themselves are paid at 56 days — netting out to the 2,286-day cycle.
In money terms: at FY26 sales of ₹353 Cr, each day of the cycle holds about ₹1.0 Cr — so the 2,286-day loop keeps roughly ₹2,211 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹161 Cr over the last 3 fiscal years against ₹52.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 20% and the ROIC − WACC spread is +9.1 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
AGI Infra Ltd earns a ROCE of 20% in FY26. That is up from a trough of 13% in FY19. Return on invested capital clears the cost of that capital by +9.1 percentage points, so growth here adds value rather than only size. The wiring behind it is 26.9% net margin on 0.22× asset turns.
FY26 ROCE is 20%, recovered from a FY19 trough of 13% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 26.9% net margin × 0.22× asset turns × 3.40× balance-sheet leverage ≈ 20.1% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 21.1% − 12.0% = a +9.1 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.40.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
AGI Infra Ltd carries total debt of ₹186 Cr against shareholder equity of ₹485 Cr as of Mar 26, a debt-to-equity of 0.38. On the annual view that ratio went from 0.33 in FY22 to 0.38 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹186 Cr against shareholder equity of ₹485 Cr — a debt-to-equity of 0.38. On the annual view, debt-to-equity went from 0.33 (FY22) to 0.38 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions added 4.7 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions added 4.7 points of AGI Infra Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 4.7% of the company. Promoters moved −1.7 points over the same window, to 71.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +4.7 points over 8 quarters to 4.7%; Promoters: −1.7 points over 8 quarters to 71.3%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.
Why the register moved: foreign institutions drove it (+4.7 points), absorbed on the other side by promoters (−1.7 points) — steady accumulation by institutions reading the same numbers this page reads.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
AGI Infra Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| AGI Infra Ltd this page | 41.1× | ₹3,897 Cr | Consistent | |||
| SignatureGlobal India Ltd | 301.0× | ₹10,810 Cr | No read | |||
| Ganesh Housing Ltd | 25.1× | ₹6,666 Cr | Deteriorating | |||
| Valor Estate Ltd | — | ₹6,102 Cr | No read | |||
| Puravankara Ltd | 79.4× | ₹5,060 Cr | No read | |||
| Keystone Realtors Ltd | 64.0× | ₹5,046 Cr | Turning around | |||
| Sunteck Realty Ltd | 21.1× | ₹4,497 Cr | No read | |||
| Raymond Ltd | 0.7× | ₹3,917 Cr | Mixed | |||
| Ashiana Housing Ltd | 33.0× | ₹3,887 Cr | Mixed | |||
| Hemisphere Properties India Ltd | — | ₹3,801 Cr | No read | |||
| Kesar India Ltd | 126.0× | ₹3,775 Cr | No read | |||
| Kolte Patil Developers Ltd | — | ₹3,470 Cr | No read | |||
| Arvind SmartSpaces Ltd | 29.0× | ₹2,792 Cr | Mixed | |||
| Hubtown Ltd | 18.7× | ₹2,771 Cr | Improving | |||
| Ajmera Realty & Infra India Ltd | 16.1× | ₹2,412 Cr | Turning around | |||
| Capacite Infraprojects Ltd | 9.5× | ₹1,800 Cr | Mixed | |||
| Omaxe Ltd | — | ₹1,603 Cr | No read | |||
| Shriram Properties Ltd | 14.4× | ₹1,451 Cr | Turning around | |||
| Laxmi Goldorna House Ltd | 86.9× | ₹1,021 Cr | — | — | — | — |
| Arihant Foundations & Housing Ltd | 17.3× | ₹1,018 Cr | Mixed | |||
| Suraj Estate Developers Ltd | 10.2× | ₹925 Cr | Topping out | |||
| Eldeco Housing & Industries Ltd | 31.5× | ₹765 Cr | Turning around | |||
| PVP Ventures Ltd | — | ₹711 Cr | No read | |||
| Geecee Ventures Ltd | 16.6× | ₹699 Cr | Mixed | |||
| Peninsula Land Ltd | — | ₹534 Cr | No read | |||
| Suratwwala Business Group Ltd | 16.8× | ₹524 Cr | Turning around |
Frequently asked questions
What is AGI Infra Ltd's share price today?
AGI Infra Ltd trades at ₹338, +58.2% over the past year. The company is valued at ₹3,897 Cr. The stock sits at 56% of its 52-week range of ₹233–₹419, +9.6% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 295 weeks in. — as of 24 July 2026.
What were AGI Infra Ltd's latest quarterly results?
AGI Infra Ltd reported revenue of ₹88.0 Cr and net profit of ₹27.0 Cr for the Mar 26 quarter. Revenue rose 6.0% and profit rose 68.8% year on year. Earnings per share were ₹2.14. The operating margin was 24.0%, 5.0 pp higher than a year earlier. — as of 24 July 2026.
What is AGI Infra Ltd's revenue?
AGI Infra Ltd reported revenue of ₹88.0 Cr in the Mar 26 quarter, +6.0% year on year. For the full FY26 fiscal year, revenue was ₹353 Cr (+8.6%). Over the last 10 years revenue compounded at 19.2% a year. — as of 24 July 2026.
What is AGI Infra Ltd's profit?
AGI Infra Ltd earned ₹27.0 Cr of net profit in the Mar 26 quarter, +68.8% year on year — the 8th straight quarter of growth. Full-year FY26 profit was ₹95.0 Cr. The operating margin ran 24.0% in the latest quarter. — as of 24 July 2026.
What is AGI Infra Ltd's market cap?
AGI Infra Ltd's market capitalisation is ₹3,897 Cr at a share price of ₹338. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is AGI Infra Ltd's P/E ratio?
AGI Infra Ltd trades at a P/E of 41.1×, at the 85th percentile of its own 9-year range, against a long-run median of 13.8×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does AGI Infra Ltd pay a dividend?
Yes — AGI Infra Ltd's dividend payout was 3% of profit in FY26, and it recorded a payout in 8 of its last 11 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is AGI Infra Ltd overvalued?
On its own history, AGI Infra Ltd looks expensive against its own history: its P/E of 41.1× sits at the 85th percentile of its 9-year range (long-run median 13.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is AGI Infra Ltd growing?
Yes — AGI Infra Ltd is growing: latest-quarter revenue +6.0% year on year, profit +68.8%, and the margin +5.0 pp at 24.0%. The 10-year compound rates are 19.2% (revenue) and 37.3% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is AGI Infra Ltd performing?
AGI Infra Ltd is in a confirmed uptrend, 295 weeks in. Its latest quarter's revenue rose 6.0% and profit rose 68.8% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 8 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is AGI Infra Ltd in?
Mixed — no clean majority across the growth curves, ROCE slipping at 22.1% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +8.6% latest, profit growth +43.9% latest, eps growth +41.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is AGI Infra Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 295 of stage 2), trading +9.6% versus its 200-day average and at 56% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is AGI Infra Ltd beating the market?
Not lately — on a trailing-13-week view AGI Infra Ltd is currently behind the NIFTY 500 (8 weeks and counting; last ahead the week of 2026-06-12), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +3,193% against the NIFTY 500's +272% — ahead of the index over the full window. — as of 24 July 2026.
Will AGI Infra Ltd's share price go up?
This page publishes no price forecast for AGI Infra Ltd. What it measures instead: the share price is ₹338, the price is in a confirmed uptrend 295 weeks in. Its P/E of 41.1× sits at the 85th percentile of its own 9-year range. — as of 24 July 2026.
Who owns AGI Infra Ltd?
Promoters hold 71.3% of AGI Infra Ltd, foreign institutions 4.7%, domestic institutions 0.0% and the public 24.0% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 4.7 points over 8 quarters. — as of 24 July 2026.
Does AGI Infra Ltd have too much debt?
It is moderate — AGI Infra Ltd's debt-to-equity is 0.40, and operating profit covers the interest bill 8×. FY26 borrowings were ₹186 Cr against equity of ₹464 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is AGI Infra Ltd's capex?
AGI Infra Ltd spent ₹161 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹27.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is AGI Infra Ltd's cash flow?
AGI Infra Ltd generated ₹−32.0 Cr of operating cash flow in FY26 and ₹−59.0 Cr of free cash flow after ₹27.0 Cr of capital spending. Reported profit that year was ₹95.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is AGI Infra Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 4% of AGI Infra Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−32.0 Cr against reported profit of ₹95.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is AGI Infra Ltd in its business cycle?
AGI Infra Ltd's FY26 operating margin was 35.0%, against a 11-year band of 11.0%–36.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 24.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the AGI Infra Ltd story?
The sharpest disagreement: profits are rising, but only 4% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is AGI Infra Ltd a stock worth studying right now?
This is not investment advice. The machine read: AGI Infra Ltd is strength at full price. The numbers are improving — and a P/E at the 85th percentile of its own range says the market knows. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.